The Benami Transactions Act, 2016 has recently been passed by the government. Read further to understand the provisions of the act. What is Benami Property? Benami essentially means property without a name. In this kind of transaction the person who pays for the...

The Modi Government’s surgical strike on black money has left many people worried about how to secure the extra stashes of cash lying around in underground storerooms, suitcases and mattresses. With rumors flying around of penalties imposed @ 200%, many honest...

India is the fastest growing and Third Largest Startup Ecosystem Globally as per NASSCOM status report 2014 and is set to become a multi billion dollar industry. Hence, it was imperative to develop a conducive environment for inflow of funds coupled with ensuring ease...

A private trust is an effective estate planning tool used to resolve many tricky situations such as: providing for the future needs of a special child, protect an estate or carry forward business to next generation. Although there is a lot of consideration before a...

The Finance Minister, in his budget speech, has proposed many incentives to encourage entrepreneurship in India. Some of the tax measures which will be beneficial for new start-ups are as follows- 1. Optional lower tax rate for newly setup manufacturing companies: In...

—- New manufacturing companies incorporated on or after March 1, 2016 have been provided with an option either to adopt a reduced corporate tax of 27.55% (where the income exceeds Rs 1 crore but does not exceed Rs 10 crore) or 28.84% (where income exceeds Rs 10...